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Press Release

UNM PRESIDENT CALDERA LAUNCHES UNIVERSITY-WIDE TECHNOLOGY BUSINESS PLAN COMPETITION

September 28, 2005

Top Prize of $25,000 Will Be Awarded to Winning Team in April

(Albuquerque, NM) UNM President Louis Caldera and Anderson Schools of Management Dean Chuck Crespy have announced a University-wide technology business plan competition, with a top prize of $25,000. Student teams from across the campus will compete in a business plan contest that will end with high-stakes presentations in front of real venture capital pros.

According to President Caldera, the business plan competition fits in with the University’s larger goal to foster economic development in the state. “With this competition, we have embarked on an effort to make our campus and our student body more entrepreneurial—more willing to take risks; more willing to see opportunity where others might only see peril,” says Caldera.

The competition is sponsored by the Anderson Schools of Management, and professors from the schools will work with business leaders to provide an every-other-week schedule of seminars to help students prepare their entries. According to Sul Kassicieh, Anderson’s Associate Dean for Economic Development and Research, the sessions will include, “Company structure, tax issues, market research, financial planning, venture capital, and more. We plan on providing a high level of support for the teams in the competition, and expect great things from UNM students.”

Full-time UNM students from any discipline are invited to enter the competition, and while the focus is on technology, according to Dean Crespy the judges will take a broad view of the term. “A team comprised of music majors and computer science majors and business majors might come up with something unexpected that doesn’t necessarily fit the standard definition of ‘technology’. We hope to see plans that surprise us, and that could potentially lead to the next business phenomenon.”

Complete rules for the competition are available online at the Anderson Schools’ website, www.mgt.unm.edu. The deadline to submit a binding intention to present is November 30, and business plan entries are due April 4.

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The Anderson School of Management at the University of New Mexico is dedicated to excellence in professional management education. At the Anderson School, faculty, staff, and students are committed to shaping the intellect and character of the next generation of business leaders, advancing the knowledge and practice of management, promoting economic development, and building a vibrant intellectual community that serves the highest and best interests of all our stakeholders.

The School was founded in 1947 and now offers more than a dozen concentrations at the BBA and MBA levels and is accredited by the Association to Advance Collegiate Schools of Business in the top 20% of business schools in the nation. The School is funded by the State of New Mexico and further support is generated by The Anderson School of Management Foundation. For more information, the public can visit www.mgt.unm.edu, email info@mgt.unm.edu, or call (505) 277-6471.

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